Replies to post #2761 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[CowBoE]

I have multiple trading accounts with different brokers, and one of them is Ameritrade.

What I know about PDT (Pattern Day Trader) and Ameritrade is that:

1) If the balance more than $25K to start the day and you have
margin enabled, you can trade as many times as you want in a day.

Depending on the broker, they will give you 3 to 4 times margin.
In other words, if you have $25K, you have trading allowance of
$75K to $100K.

2) If the day's starting balance is below $25K, then you are
subject to maximum of 3 round-trip trades within 5 consecutive
market open days.

If balance is below $25K, you will start to see restrictions in
opening 4th trade...unless you deposit more money to bring it above $25K or ... I believe until some of the closing transaction money settles.

3) And after 90 days of no more violation, I believe the account
automatically removes the PDT flag, allowing you to trade again
(but still less than 3 round-trip trades within 5 market days).

This is bit confusing, and its best to maintain at least $30K, but ideally about $40K to $50K, to have cushion.